The president of the Federal Reserve Bank of Minneapolis warns that the current rate of inflation is “very…
August 4, 2022
Record-high inflation and high fuel and fertilizer prices have put the U.S. en route to a food shortage,…
July 21, 2022
Biden White House continues to blame high inflation numbers on Russian war on Ukraine.
July 12, 2022
Economists at Goldman Sachs hiked their inflation projections this weekend and warned clients that recent strong price spikes…
July 5, 2022
Chair of the Federal Reserve Jerome Powell contradicted Wednesday claims from President Joe Biden that “Putin’s price hike”…
June 23, 2022
U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look…
June 6, 2022
U.S. officials have expressed concern about reports that Russia has requested military and economic support from China
Yellen noted that because both Russia and Ukraine are major wheat producers, the world has seen an impact on food prices amid the invasion, as well as a "very meaningful increase" in gas prices.
"I've been engaged a long time in public policy," Biden continued, "and I don't know many things that have been done in one fell swoop."